The CEO of EminiFX, a cryptocurrency and forex trading platform, spent millions of investor funds on personal expenses.
A New York man was arrested and charged with fraud on Thursday morning for his role in an alleged crypto investing scheme that the Federal Bureau of Investigation says duped investors out of $59 million.
According to Alexandre's social media profiles, he is a cybersecurity engineer with nearly 30 years of experience, most recently as a senior IT professional at WarnerMedia ., Alexandre told investors he could double their money within five months, promising 5% weekly returns he allegedly generated through secretive robo-advising technology.
He is accused of spending about $15 million of the investor funds on personal expenses, putting money in his personal bank accounts and spending about $170,000 on luxury vehicle purchases.
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